The Euro is testing support at $1.28. Breakout would respect the primary down-trend, warning of another test of primary support at the 2010 low at $1.19/1.20. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal. Recovery above $1.32 is less likely but would indicate an advance to $1.35/$1.36*.
Pound Sterling rallied off support at €1.225 against the Euro. Breakout above €1.26 would indicate an advance to €1.29. A 63-day Twiggs Momentum trough above zero — and respect of the rising trendline — would both indicate a healthy up-trend. Breach of support at €1.225, however, would signal a primary down-trend.
* Target calculation: 1.26 + ( 1.26 – 1.23 ) = 1.29
Canada’s Loonie is testing support at parity against the greenback. Respect would indicate an advance to $1.06*. Breach of resistance at $1.03 would strengthen the signal and a 63-day Twiggs Momentum trough above zero would confirm. Failure of support, however, would warn of another test of primary support at $0.96.
* Target calculation: 1.03 + ( 1.03 – 1.00 ) = 1.06
The Aussie Dollar broke resistance at $1.04 after the RBA announced that it would not cut interest rates, leaving them on hold until December. Expect an advance to $1.06*. 63-Day Twiggs Momentum oscillating above zero suggests a primary up-trend.
* Target calculation: 1.04 + ( 1.04 – 1.02 ) = 1.06

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
Are these Forex charts and comments or equivalent available on the normal share type screens to which I currently subscribe or is there an extended IC subscription available to cover Forex?
On the Canadian Dollar/US Dollar currency pair- I’ve check with a number of Forex brokers and they all list the US Dollar first so that it reads US Dollar/Canadian Dollar. Your chart on this pair is a mirror image to other Forex charts I’ve been able to find. It makes it hard to read/ compare. Any chance of reversing your chart?
The only other currency that seems to be plotted that way is USD/JPY. But I’ll go with the flow.